Termination And Mutual Release Agreement Template for India

1. Intellectual Property Rights: Required when there are IP rights to be addressed post-termination, including ownership, licenses, or restrictions

2. Non-Competition and Non-Solicitation: Include when parties wish to maintain restrictions on competition or solicitation post-termination

3. Transition Arrangements: Necessary when there needs to be a handover period or transition of services/products

4. Public Announcements: Include when parties need to agree on how to communicate the termination to the public or stakeholders

5. Employee Matters: Required when termination affects employment relationships or requires transfer of employees

6. Tax Matters: Include when there are specific tax implications or allocations that need to be addressed

7. Insurance and Indemnification: Necessary when specific insurance obligations or indemnification provisions need to survive

1. Schedule 1 - Original Agreement(s): Copy or details of the agreement(s) being terminated

2. Schedule 2 - Outstanding Payments: List of any payments to be made as part of the termination settlement

3. Schedule 3 - Assets and Properties: Inventory of any assets or properties to be returned or transferred

4. Schedule 4 - Surviving Obligations: Detailed list of obligations that survive termination

5. Schedule 5 - Form of Public Announcement: Template or agreed form of any public statements regarding the termination

6. Schedule 6 - Transition Plan: Detailed timeline and responsibilities for any transition arrangements